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Bank failure · FL

Five Points National Bank (Miami, FL) — failed January 12, 1966

Five Points National Bank of Miami, Florida was closed on January 12, 1966 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $2.7M in assets and $3.0M in deposits.

Closing date
January 12, 1966
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1966

What happens when a bank fails